Today’s Stock: Atlassian Corporation (TEAM)Today’s Stock: Atlassian Corporation (TEAM)
Atlassian Corporation provides a collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide. Its product portfolio includes Jira, a project management platform for planning, tracking, and managing work; Confluence, a connected workspace to create, organize, and share team knowledge, documents, and collaboration content; Loom, an asynchronous video communication tool to record and share videos; Jira Service Management, an intuitive service management solution for IT, HR, and other teams; and Rovo, an AI offering that assists teams with its Search, Chat and Agent capabilities. The company also offers Bitbucket, a git-based source code management platform for professional development teams; Compass, a developer portal that provides a unified view of engineering components; Jira Product Discovery, a tool to capture, prioritize, and roadmap product ideas; Jira Align, an enterprise agility solution that connects business and technology teams to align strategy with execution; Focus, a strategy hub for leadership teams; and Talent, a workforce planning app.
My Thoughts 💭My Thoughts 💭
Another experiment stock. I know absolutely nothing about this company. A review of this company’s fundamentals will determine if it is worth spending sats on.
At 152.2k sats per share ($89,495), and no dividend. One must ask will this growth stock grow faster than bitcoin? With every growth stock this is the question we must ask ourselves. The historical growth rate for bitcoin is 60% to 70% if this stock can grow faster than bitcoin you could possibly get more sats in the future.
The company trades at a PE -190 which means investors are paying $190 to access $1 of losses . This company is not profitable and investors are paying a hefty premium to hopefully capture the growth this company is expected to have.
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The fundamentals of this company are okay. It reminds me a lot of CRWD huge market Cap. Not profitable projected to grow 50 to 60% and a good balance sheet with smart debt and a huge cash balances.
From a bitcoin perspective not much value here. Will 155k in sats have more purchasing power than 1 share of this company in 10 to 20 years? I highly doubt it! Unless you are passionate about this company and the mission it delivers I see no need to dump sats for this company.
Here is my performance since I started DCA’ing into the stock 4 to 5 years ago
According to Simply Wall St. the returns on this stock have been really bad
This company is meh. Nothing to really get excited about and with AI on the scene they could run into issues. I don’t understand why operating expenses are going with revenues just crushing margins when the company is offering software services. But for some reason the market likes crowdstrike but hates this stock when the fundamentals are very similar!
One thing that is different with this company versus crowdstrike is the modest pay the CEO and board is taking.
If it wasn’t for the experiment I would steer clear of this company but since I am out to prove how Bitcoin makes a fool out of Motley Fool I will continue to DCA.
I worked there (in Australia) for a few years.
Some data seems outdated. Former co-CEO Scott Farquhar left in April 2024. Not quite an amicable split even though they tried hard to paper over the cracks.
Cannon-Brookes, as the other co-CEO, was more of the face, ie. PR and public image part while Scott focused on tech and not so much in the lime light.
The working culture there pre and during covid changed a lot. Many people showed heavy woke adoption and were very pushy towards others who did not fully, unquestionably embrace it.
The company took good care of their people. It felt that many were exploiting that to a degree.
I never kept the stock I got from options. Main reason being that my income was tied to them doing well, so no point in getting more risk exposure tied to the company.
Even so, I don't think I would have wanted exposure. They were starting to feel the squeeze by several competitors. Microsoft's acquisition of Github around the time put them square across the board as direct competitor for their, at the time, most profitable product: Jira.
Notion was starting to eat their Confluence lunch. Not that it was terribly much loved before that anyway.
And a final, finer point as to why that mattered:
They used to approach marketing as bottom-up matter. They had no marketing budget (let alone department) to impress the bigwigs to buy their "suite" and tell their people to use it.
Instead they tried to build a product so good that devs would start deploying it for their own team, then letting it spread organically through other teams, and finally up the (middle) management layers.
As Microsoft with big bucks and huge established influence over corporations came in as competitor, Atlassian were starting to pivot. Not sure where that ended, as I left around that time.
Certainly I use their Confluence product. Doesn’t mean it’s a good stock tho!